Verizon Communications Inc. (NYSE: VZ) is scheduled to release its third-quarter financial results before the markets open on Tuesday. The consensus estimates call for $1.19 per share in earnings and $32.51 billion in revenue. The same period of last year reportedly had $0.98 per share and $31.72 billion, respectively.

In the past month, Verizon announced that it was raising its dividend for the 12th consecutive year. The prior quarterly dividend of $0.59 per common share will jump to $0.6025. This will create a dividend yield of 4.47% for any new investor getting in at the current share price of $53.89.

Verizon Communications Inc. (NYSE: VZ) reported its most recent quarterly results on Tuesday before the markets opened. The telecom giant posted $1.22 in earnings per share (EPS) and $32.61 billion in revenue, versus consensus estimates from Thomson Reuters that called for $1.19 in EPS and revenue of $32.51 billion. The same period of last year reportedly had EPS of $0.98 on $31.72 billion in revenue.

During the most recent quarter, Verizon recorded 515,000 retail postpaid net additions, including 510,000 postpaid smartphone net adds. The Wireless segment also saw total revenue growth of 6.1% year over year to $23.0 billion, with Service revenue growth of 2.6%.

In Verizon’s media business, Oath revenues were $1.8 billion in third-quarter 2018, 6.9% below the same quarter last year. The company expects Oath revenues to be relatively flat in the near term and does not expect to meet the previous target of $10 billion in Oath revenues by 2020.

Looking ahead to the full year, the company expects to see revenue growth at low- to mid-single-digit percentage rates and EPS growth in the low single-digit percentage rates. Consensus estimates call for $4.64 in EPS and $130.77 billion in revenue for the full year.

Hans Vestberg, Verizon CEO, commented:

Verizon has posted a third quarter of strong operational and financial performance. With the beginning of the 5G era in this fourth quarter, we expect that trend to continue. We are investing in networks, creating platforms to add value for customers and maintaining a focused, disciplined strategy. Verizon is best positioned to take full advantage of the opportunities offered by the new game-changing generation of technology.

Shares of Verizon were last seen at $54.98, with a consensus analyst price target of $56.71 and a 52-week trading range of $43.97 to $55.90. Following the announcement, the stock was up less than 1% at $55.25 in early indications Tuesday.

Verizon Communications (VZ) on Tuesday reported adjusted first-quarter earnings that edged by estimates as revenue slightly missed. The better-than-expected Verizon earnings sent up shares in the wireless services provider in early trading.

Verizon said it earned $1.20 a share, up three pennies from a year earlier. Lower corporate taxes and a two-cent accounting gain boosted Verizon earnings. Revenue rose 1.1% to $32.1 billion.

A year earlier, Verizon earnings were $1.17 a share on sales of $31.77 billion.

Analysts expected Verizon to report earnings of $1.17 a share on sales of $32.15 billion for the period ended March 31. Shares in the provider of wireless phone and broadband services gained 0.5% to 58.67 in early trading on the stock market today.

Does Verizon Deserve More Credit for Q2 Earnings?
erizon Communications Inc. (NYSE: VZ) reported its most recent quarterly results before the markets opened on Thursday. The telecom giant posted $1.23 in earnings per share (EPS) and $32.1 billion in revenue, while consensus estimates had called for $1.20 in EPS and $32.41 billion in revenue. Last year’s second quarter reportedly had $1.20 in EPS and $32.2 billion in revenue.

Verizon Consumer revenues for the quarter were $22.0 billion, flat year over year, reflecting continued strong growth in wireless service revenue and Fios service offerings, offset by declines in wireless equipment and legacy wireline services. There were 126,000 retail postpaid net additions, including 73,000 phone net additions and 209,000 postpaid smartphone net additions.

Separately, Verizon Business revenues were $7.8 billion, down 1.1% year over year, as growth in wireless services and high-quality fiber products was offset by declines in legacy products. There were 325,000 retail postpaid net additions, including 172,000 phone net additions.

In terms of the Wireless and Wireline segment breakdown within the business and consumer segments Verizon reported the following:

Wireless revenues grew 1% year over year to $22.7 billion, driven by a 3.1% increase in service revenue. The segment recorded 451,000 retail postpaid net additions, including 420,000 postpaid smartphone net additions, and 245,000 phone net additions, an increase from the 199,000 phone net additions in second-quarter 2018.
Wireline revenues totaled $7.1 billion, with 34,000 Fios Internet net additions. Fios total revenue growth was 1.9% year over year.
Looking ahead to the full year, Verizon expects to see EPS growth in the low single-digit percentage range. Consensus estimates call for $4.75 in EPS and $131.81 billion in revenue for the year.

Hans Vestberg, board chair and chief executive, commented:

Verizon finished strong in the first half of 2019 by delivering solid financial results while transforming the business under the new operating structure and advancing our leadership in 5G. Verizon made history this quarter by becoming the first carrier in the world to launch 5G mobility. We are focused on optimizing our next-generation networks and enhancing the customer experience while we head into the second half of the year with great momentum.https://247wallst.com/telecom-wireless/ ... -earnings/